How To Prepare For The Home Buying Offer In A Seller’s Market In Spokane

If you are selling your Spokane house in a seller’s market, you’re probably expecting to get an offer very soon… but once you get an offer, what should you do? In this blog post you’ll read how to prepare for the home buying offer in a seller’s market in Spokane…

In a seller’s market, you’re almost certain to get an offer on your house. But what should you do when you get an offer? Do you just accept it? Do you negotiate? How? What should you do?

When it comes to accepting offers in a seller’s market, it’s best to be prepared. Here’s how to prepare for the home buying offer in a seller’s market in Spokane…

How To Prepare For The Home Buying Offer In A Seller’s Market In Spokane

First, decide on the criteria that you want in the offer.

Ask yourself what’s most important to you. For example, do you want to sell quickly and get a fast possession date? Or maybe you want to get a high selling price. Yes, both of those might be important to you but one of them will be more important, so determine which is most important for you.

Second, think about what you want for a bottom-line price.

In a seller’s market, you may get a higher price than your bottom-line price but it’s also very common for property owners to accidentally over-estimate the price they think they’ll get on their house. Therefore, determine your bottom-line price. Chances are, you’ll get an offer somewhere between your bottom-line price and your preferred price.

Third, think about the possession date you want and consider any flexibility you have.

You might want to move right away, for example, but you could potentially open yourself up to better offers if you don’t press for a specific possession date but instead find out what buyers are willing to offer.

Fourth,remember that you’re still the seller.

Even though it’s a seller’s market, remember that the buyer is still the one with the money and they could decide to buy a different house. Decide which terms and conditions are absolutely imperative for you and which ones you’re more flexible on. That way, if a buyer has all the money and no contingencies and is willing to close within your preferred timeline, you can work with any conditions they may have.

Summary

In a seller’s market, it’s often thought that the seller has the advantage but there are times when you might want to sell now instead of putting your house up for sale, cleaning it up, and seeing what buyers will offer.

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Hi, I’m Stuart. I Buy Spokane Area Houses…

Stuart has been helping homeowners since 1995 with their real estate needs. As a previous loan officer, real estate agent (no longer a Washington real estate agent, just an investor trying to help you out!), and insurance agent – Stuart has the knowledge to provide sellers with a solution.

As a 1990 high school graduate from Central Valley High School, Stuart and his family have been around the Spokane area their entire lives. His wife, Tiffany, is a 1992 Ferris High School graduate. Both of their families live in the Spokane area on the South Hill and Valley.

Growing up skiing on Newman & Couer d’Alene Lake and hiking the surrounding areas of Spokane and northern Idaho – Stuart knows the area very well and can really help his clients out to provide answers to their real estate questions.

We are a real estate solutions and investment firm that specializes in helping homeowners get rid of burdensome houses fast. We are not realtors, we are investors and problem solvers who can buy your house fast with a fair all cash offer.